Salt Lake Herald-Republican | 1897-04-20 | Page 1 | The Cuban Dollar

I THE CUBAN DOLLAR I I I I I It Will Be Out on the Street in a Few I Days New York April 19The Journal tomorrow to-morrow will say The Cuban dollar will be on the street in a few days It will be a silver coin of the exact size as the Spanish coin known as five pesetas pe-setas One million dollars worth of bullion Is to J > e converted into the coin which even if it is no more than a I souvenir of the Cuban struggle will still be worth its weight The Cuban junta indorses the circulation of silver coin government bearing the stamp of the provincial I The money to buy this bullion and to defray the mechanical expenses of the issue is said to have been raised mainly through the exertion of A J Cobert a local broker He professes ignorance i as to the identity of his principals At the office of A Krauss further Information Infor-mation was obtained I Men with money have been figuring ion i-on this thing for a long time said he The junta is behind us We start in with 1000000 worth of pesetos The coin Is about the size of the American dollar and resembles it much The new Cuban coin which must not be called a medal or souvenir will be accepted for its weight in silver anywhere any-where The design or the face of the coin will consist of a head or a figure indicating liberty The seal of the Cuban republic already familiar on its bond and postage stamps will be on the reverse The friends of Cuba who have made this issue of coins are men of wealth They will hack the Cuban enterprise to the extent of 10000000 if necessary An agreement has been made with the i junta here In New York as to the recognition recog-nition of these coins when the Cuban possessions republic conies Into Us full rights and I